While Asian stock markets tended to rise on Monday, Europe and the United States started the new trading week in the red. However, the decline was practically negligible compared to the developments on the Russian financial market.
The decline on Wall Street was directed by US banks. Shares of JP Morgan Chase & Co., Bank of America or Goldman Sachs lost around three percent. The banking subindex of the main S&P 500 has shed 2.7 percent. The Financial Institutions Index fell by just under two per cent. The S&P 500 and the Dow Jones Industrial Average shed only about 1.2 and 1.3 percent, respectively, while the tech-heavy Nasdaq lost just under 0.7 percent.
The decline in European stocks was much milder than in the US. The pan-European Stoxx 600 index was effectively stagnant, having shed just 0.09 percent. Frankfurt’s DAX fell by 0.73, London’s FTSE 100 by 0.42 and the CAC 40 in Paris by 1.39 percent.
Stocks in Asia were surprisingly riding an optimistic wave. Especially in the context of the expected introduction of anti-Russian sanctions. Tokyo’s Nikkei firmed 0.19, Shanghai’s CSI 300 0.32 percent.
